LandlordInvest reports revenue boost in 2022
LandlordInvest has reported that its revenue increased by 27.5 per cent between 2021 and 2022, to reach £325,015 last year. This compares with a turnover of £254,793 in 2021.
The property lender’s profits for the year fell year-on-year, from £67,040 in 2021 to £9,704 in 2022. This brings its cumulative losses to £44,490.
During the 12 months ending 31 December 2022, LandlordInvest held £223,932 in cash at bank and in hand – an increased from £198,234 the previous year.
Filip Karadaghi, managing director of LandlordInvest, told Peer2Peer Finance News that the platform was committed to being transparent with its accounts, and noted that the 2022 figures speak for themselves.
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“I don’t know what 2023 holds but our intention is to become better at everything,” said Karadaghi.
“Constant improvement is core to our company culture.”
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Earlier this year, it was reported that LandlordInvest had processed more than £5m in secondary market sales since it launched the feature in May 2017. Karadaghi hailed the strong liquidity of the marketplace.
The platform is currently offering target returns of between five and 12 per cent to investors, on loans secured by UK properties.
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